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The real estate market recorded several notable developments in major urban areas. In Ho Chi Minh City, four land lots in Thu Thiem have been brought back into the auction plan with a combined starting price of nearly VND 16.7 trillion, 2.4 to 3.6 times higher than the levels set in 2021. The city also approved an auction plan for three land lots covering more than 2.1 hectares in Thu Thiem for the development of an integrated school, while lots 3-12, 3-8 and 3-9 were assigned a combined starting price of nearly VND 14.575 trillion. In another development, nearly 19.2 hectares of land at the Ho Chi Minh City Hi-Tech Park was recovered after the Millennium Park project ceased operations. The city also handed over nearly 4,820 square meters of land to Thao Dien Real Estate Company for the Nam Ly social housing project in Phuoc Long Ward, with a 50-year land use term, and announced four additional SonKim Land projects eligible for sale to foreign buyers. Social housing remains a major f...

Ho Chi Minh City’s real estate market is seeing a number of notable developments in land management, land use and social infrastructure. The city will recover nearly 19.2 hectares of land at the Saigon Hi-Tech Park after the Millennium Park project of Saigon Garment Manufacturing Corporation ended its operations. In another move, nearly 4,820 square meters of land in Phuoc Long Ward was allocated to Thao Dien Real Estate Company to develop the Nam Ly social housing project, with a land-use term of 50 years. The city also announced four additional projects by SonKim Land that are eligible for sale to foreign buyers. In the Thu Thiem New Urban Area, the Ho Chi Minh City People’s Committee approved a plan to auction the land-use rights of three plots with a combined area of more than 2.1 hectares for the construction of schools offering multiple levels of education. The starting price for plots 3-12, 3-8 and 3-9 is nearly VND14.575 trillion, with plot 3-12 priced at more than VND1 billi...

The real estate market is showing mixed signals. In Hanoi, weak liquidity has prompted many developers to increase discounts and incentives, bringing down the price level of new apartments for the first time after two years of continuous increases. Nationwide real estate inventory reached nearly 53,000 products in the third quarter, almost twice the figure recorded in the same period last year, as purchasing power declined while projects found it difficult to reduce selling prices. The primary villa and townhouse segment in Hanoi also faced absorption pressure as supply rose sharply but only around 30% of units found buyers, according to CBRE. At the same time, many homebuyers with loans have had to sell their properties, move to smaller homes or relocate farther from central areas after interest-rate support periods ended and floating rates increased. In the housing and urban development segment, Hanoi has asked the developer of the NO1 Ha Dinh social housing project to shorten the ...

Hanoi’s primary market recorded a sharp increase in the supply of villas and townhouses in the third quarter, but according to CBRE, only about 30% of units were absorbed because prices remained high. In the affordable housing segment, a social housing project in Phuc Thinh is expected to be priced at VND 29.7 million per square meter. Meanwhile, housing demand in northern Ho Chi Minh City is expected to rise alongside plans to attract high-tech investment and international experts. In Ho Chi Minh City, more than 3.3 hectares of production land in An Phu Ward have been approved for conversion to develop the Phu Gia Khiem apartment project. However, land procedures, site clearance and the requirement for synchronized infrastructure investment remain major bottlenecks in expanding the urban area. Financial pressure is also continuing to affect homebuyers, as many have had to sell properties, move to smaller apartments or relocate farther from the city center after interest-rate support e...

The real estate market recorded notable developments across housing, land and commercial property segments. After the end of interest rate support periods, some homebuyers have had to sell their properties, move to smaller homes or choose locations farther from city centers to ease financial pressure as floating interest rates rise. Meanwhile, primary supply from two large urban projects in western and southern Ho Chi Minh City, where prices are lower, pushed townhouse prices down by nearly 33% year on year. The city’s retail absorption also fell 26% in the third quarter as sports, lifestyle and entertainment chains reduced their floor space. In contrast, condotel sales in the third quarter increased more than fivefold from the previous quarter, despite continued sluggishness in the resort property market. In Ho Chi Minh City, municipal authorities resolved legal issues and allowed Giang Nam Company to convert more than 3.3 hectares of production land for the Phu Gia Khiem apartment ...

The real estate market continued to show mixed developments in the third quarter. In Ho Chi Minh City, primary supply from two large urban developments in the western and southern areas, where prices were lower, pushed landed housing prices down by nearly 33% year on year, according to Savills. In the retail sector, absorption fell 26% during the quarter as sports, lifestyle and entertainment chains reduced their premises, according to Knight Frank. DXS-FERI also recorded real estate price declines of 5-20% in several areas, as some new projects adjusted prices below the prevailing local levels. Amid large supply, the Vietnam Association of Realtors recommended that developers adjust their product structure and limit high-end housing development to avoid the risk of oversupply. Despite the overall slowdown, several segments and localities showed positive signals. Lam Dong recorded 7,103 land transactions in the third quarter, up 13% from the same period last year. Condotel absorption...

The real estate market in the third quarter continued to show clear differentiation. According to DXS-FERI, property prices in many areas fell by 5-20% as some new projects adjusted prices below local market levels. Demand also weakened, with the absorption of primary housing nationwide down 36% year on year, while demand for land plots and apartments in Ho Chi Minh City and neighboring areas fell 66% compared with the previous quarter, according to Dat Xanh Services. Lam Dong, however, moved against the broader trend, recording 7,103 land plot transactions in the third quarter, up 13% from the same period last year. Hanoi expects to collect VND146 trillion in land-related budget revenue this year, an increase of more than 35% from 2025 and the highest level ever recorded. In the social housing segment, Ho Chi Minh City has added a project covering nearly 192 hectares in Ba Diem Commune. The project will be developed by Delta Joint Stock Company, an enterprise within the Vinhomes eco...